Price starts from €3,500

Lithuania, with its swift transition to a stable market economy and proactive government support for business, emerges as an ideal choice for individuals seeking to advance their business ventures in a resilient and ecologically conscious European nation.

This jurisdiction is the best option for:

Innovative companies and Startups;
Fintech Companies;
Financial Services;
Cryptocurrency and Blockchain Businesses;
Research and Development (R&D) Companies;
Innovative and Intellectual Property (IP)-Driven Businesses.

Benefits:

unique tax system;
various tax incentives profit tax of 5% for small companies up to 10 persons and a turnover of €300,000;
no currency control;
fast and easy incorporation process;
development of information technology;
fairly low staff costs;
well-developed infrastructure;
opportunity to enter the global EU market;
compliance with international standards.

58

countries have signed a double taxation avoidance agreement with Lithuania

€2,500

minimum paid-up share capital

15%

standard corporate tax

The most popular legal form in Lithuania is Uzdaroji Akcine Bendrove (further called – UAB), called Limited Liability company (LLC)

Procedure for registration a company in Lithuania

Step 1. Initial Setup:

Initiating a preliminary project assessment
Preparation and filing of the package of documents

Step 2. Company registration:

Verification and reservation of the company name at the State Enterprise Centre of Registers (SECR)
Facilitating the notarial process for the company's official registration
Opening a bank account in the owner's name and depositing a minimum of 25% of the share capital
Incorporating the company's data into the State Enterprise Centre of Registers
Obtaining the Certificate of incorporation issued by the State Enterprise Centre of Registers and Articles of Association
VAT Registration. If UAB turnover is expected to exceed €45,000 in a 12-month period, the company must register for VAT with the State Tax Inspectorate

We also can help with:

Company secretarial services
Opening bank accounts
Preparing apostilled documents
Further legal support

Requirements for a UAB in Lithuania

Before deciding to set up a new company in Sweden, read the information below to understand the characteristics of a "Uzdaroji Akcine Bendrove":

The type of company is a "Uzdaroji Akcine Bendrove" (UAB).

Number of directors/shareholders – minimum 1 shareholder, maximum 249 shareholders and 1 directors. Founders of the company can be any kind of nationality or any kind of company.

Share capital – from €2,500.

Liability – shareholders do not carry any responsibility about conducted business activities by the company.

Accounting – UAB is required to keep up-to-date and accurate accounting records, including information about financial transactions, tax obligations, and other related details.

Document requirements:

Passport copies (a scan) of all participants;
Proofs of domicile dated less than three months;
Last 3 months' bank statement;
A Power of Attorney (in case of a remote company registration);
3 options of the desired name for the company;
Company contact email address;
Short description of company's activity.

Taxation in Lithuania:

Corporate income tax: 15%. But can be reduced to 0% and 5%, when certain requirements are fulfilled:

average number of employees does not exceed 10
income during the tax period does not exceed €300,000
the shareholders of the entity are only natural persons
the activity of the entity shall be performed, the entity is not liquidated/reorganized and the shares of the entity are not transferred to the new shareholders for not less than 3 taxable periods

Personal income tax: 20% rate is applied to income amounts not exceeding €81,162 (gross) and 32% rate for the exceeding part.

Social contributions: employer pays 1.77%, employee - 19.5% (for employment contracts of indefinite duration); employer pays 2.49%, employee - 19.5% (for the fixed-term employment contracts).

Dividends: 15% (regardless of the amount of the annual income).

VAT: standard VAT rate is 21%. Reduced VAT rates are fixed at 9% and 5%.

If our proposal is intriguing, we kindly request to book a call with us or send your request via Telegram messenger. By doing so, we guarantee access to a comprehensive commercial personalized offer, featuring up-to-date prices and detailed information.

We look forward to the opportunity of collaborating and delivering exceptional solutions that meet and exceed expectations of any Client.

The content of this article is intended to provide a general guide to the subject matter, not to be considered as a legal consultation.

Contact Us

If our proposal is intriguing, we kindly request to complete the form provided below to learn more. By doing so, we guarantee access to a comprehensive commercial personalized offer, featuring up-to-date prices and detailed information.

We look forward to the opportunity of collaborating and delivering exceptional solutions that meet and exceed expectations of any Client.

The content of this article is intended to provide a general guide to the subject matter, not to be considered as a legal consultation.